Korbit Provides Virtual Asset Management Services for Non-Profit Organizations in Collaboration with Shinhan Bank

Korbit, a domestic virtual asset (cryptocurrency) exchange, announced on the 8th that it will provide virtual asset management services for non-profit organizations through collaboration with Shinhan Bank.

Korbit has completed preparations to connect virtual asset management services with the Nexon Foundation, the first among non-profit organizations, and various non-profit donation organizations such as the Beautiful Foundation and World Vision have completed preparations to connect services for receiving donations.

This service follows the corporate virtual asset market participation roadmap announced by the Financial Services Commission in February. From the second quarter, non-profit organizations receiving donations and sponsorships are allowed to issue real-name virtual asset accounts, and gradually open the way for sell transactions. This allows donors to easily participate in donations with virtual assets, and non-profit organizations can introduce new donation and sponsorship methods suitable for the digital age.

Korbit plans to actively support the establishment of various virtual asset utilization donation channels for non-profit organizations in line with the Financial Services Commission's roadmap through this connection.

A Korbit representative stated, "Through close cooperation with Shinhan Bank, we plan to provide various conveniences so that non-profit organizations can smoothly participate in the virtual asset ecosystem. We will continue to strive to build a sound virtual asset market ecosystem."